Deep freeze More plan sponsors put their pensions on ice

AUTHOR(S)

Anderson, Tom

PUB. DATE

February 2006

SOURCE

Employee Benefit News;Feb2006, Vol. 20 Issue 2, p55

SOURCE TYPE

Periodical

DOC. TYPE

Article

ABSTRACT

The article focuses on the decision of defined benefit (DB) sponsors to freeze pension plan options in the U.S. Watson Wyatt found that 4% of the top sponsors closed their pension plans to new hires in 2004. Verizon believes that competition is a key reason in closing DB plans. Firms should communicate a freeze sooner than is legally required.

ACCESSION #

19668059

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